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. how will president obama challenge republicans and seek common ground all at the same time? >>> and replacing the pope. with the holy father's sudden resignation, how do they pick the new one? soo good morning, i'm zoraida sambol sambolin. >> and i'm john berman with more breaking news just ahead. >>> north korea sending shock waves through the ground and around the world with its third test of an atomic test. this morning the white house is responding and allies in asia are calling emergency meetings as well. north korea's state-run news agency has announced, quote, they have success lil conducted a third underground nuclear test at a northern test site within that country. this after new york seismologists picked up a 5.1 earthquake in north crey a mile underground in the same area where they conducted two previous tests. the big question this morning how strong was the blast and how close is north korea to making a bomb that it can sell or launch. what does this mean for north korea's nuclear program? there are a lot of skeptics who say they do not have the capability to
by obama have spiked particularly in yemen, somalia, afghanistan, and notably pakistan where over 360 drone strikes over the nine years, 2004 to 2013, have killed over 3,000 people. this data is not classified. and not even secret. but it is troubling. so troubling that the u.n. has just decided to launch an investigation on the impacts of drone strikes on thousands of civilians. question. will the u.n. human rights council rule that drone use violates international law do you think, pat buchanan? >> i don't think they l. if they do, john, it doesn't make any difference. but we really ought to be concerned about these drones. they're a tremendously effective weapon. they save our pilots and the rest of it. but the collateral damage, the killing of civilians, the killing of children, the tremendous alienation they've increased all over this region has resulted in al-qaida frankly getting a tremendous number of new recruits. are we recruiting more enemies than we're killing? that's the key question when you look to see how al-qaida is no longer just in afghanistan but six or seven other count
. stuart: tell me the truth. do you think that president obama really values growth for our economy or redistribution of the wealth? >> i think he's far more in the camp of redistribution than growth. and his central campaign theme he made clear was redistributing wealth and he's done it, kept his promise. >> let me read this for you. the congressman henry waxman demands more executive orders from the president. in a letter to the white house, waxman wants the president to issue new regulations on everything from power plants to oil refineries and even household appliances. henry waxman, a member of congress, he wants the president to go around congress with his voice. >> we have the separation of powers in this country. something that's hugely important. with a waxman is recommending and i recognize just waxman represents to me a liberal, too. and i'm against conservative or moderate as liberal. but the idea of president going around congress to get things done, especially when he gets up in his state of the union and says that the sequester is not his work, but the work of congres
this hour. president obama continues to warn the nation about upcoming spending cuts that could go into effect march 1st. in his weekly address to the nation he blamed republicans for the crisis. >> these cuts don't have to happen. congress can turn them off any time with just a little compromise. unfortunately, it appears that republicans in congress have decided that instead of compromising, instead of asking anything of the wealthiest americans, they'd rather let these cuts fall squarely on the middle class. >> republican senator john hoven of north dakota delivered the weekly address and said congress has done its part. >> house republicans have already passed two bills to replace the president's sequester. so the question is why won't he work with with us? and the answer, quite simply, is because he wants higher taxes. >> republican governors meeting today in washington are asking the federal government to solve the spending crisis and not to add to the burden on the states. >> don't pass the balancing the federal budget on the backs of state governments because we're still re
been growing at an average of about 2%, unemployment is where it was when barack obama took office, we are adding about 150,000 jobs a month, but john, the real problem here is this slow growing is occurring when we have had five straight trillion dollars worth of defense deficits to pump it up and we get $85 billion a month in transfusions a month from the fed and we are still limping along like a mature and quite frankly modest economy. >> eleanor? >> i think these numbers reflect the fact that government is shrinking and the defense department really pulled back in the last quarter of last year. it is a cautionary sign and looks like both parties are kind of sleepwalking their way toward a sequester. the ropes don't want to -- the republicans don't want to give up anything on the revenue side they would rather take a hit in spending. the democrats have protect social security, pell grants and medicaid, so they are not going to cave first. so if neither party blinks, the sequester will go ahead and we'll see further contraction in the economy. but you know, i'm not that glammy. i tak
-year study on everything gone wrong in this country. it has proven that not one obama led to mass shootings. they are all in favor of these control measures. [talking over each other] [talking over each other] >> that is not true. a lot of people are saying that they are not going to enforce any of the federal laws. the. lou: the distinction that emily is making. if i may -- is that the sheriffs are typically, in this country, the only elected that law-enforcement officers and the associations do not fall in line with theppointed police chief's across the country. according to the good wishes and good will of their mayors. i would like to say thank you on. what a terrific panel, thank you for being here. well, that is it for us tonight. coming up next week, the ways and means an intelligence committee member, congressman dennis nunes of california. john silva joins us to talk about his runaway markets, and chris stirewalt will straighten out as much of my political thinking as he can. thank you for joining us over this weekend. we hope you have a wonderfend. good night from new york. neil:
us to put the nation's interests before party. >> president obama urging compromiseeyough expect us to p the nation's interests before party. >> president obama urging compromiseugh expect us to put e nation's interests before party. >> president obama urging compromisegh expect us to put t nation's interests before party. >> president obama urging compromise expect us to put the nation's interests before party. >> president obama urging compromise as he lays out his vision, but will republicans buy it. >>> cruise from hell. more details on board that carnival cruise ship. can i slowly limping its way back to alabama. there is sewage in the hallways. sorry to be sharing those details at this hour of the morning. welcome to a special edition of "early start". >> lots to get to this morning as we hit 5:00 here in washington, d.c.. just a few hours ago really president obama who was challenging congress to act, it was his state of the union address that was a response to from senator marco rubio, response very interesting, but it's what he did during the response that has a lot of peop
.s. drone. we have a live report. >>> and, john t is high drama on capitol hit. president obama's big pick for cia director up for con fir make in a few hours. but will members of his own party derail it? >> i don't know. >> lots of drama. good morning. welcome to "early start." i'm zoraida sambolinment. >> i'm john berman. it's thursday, february 7th. 5:00 a.m. in the east. let's get started. up first, brace yourselves, bundle up, buy a shovel. this will be a big one. at this moment a blaizzard watc is in effects for new england. a storm is headed that way and could be historihistoric. it could drop two feet of snow in some places and it all starts tomorrow. you told us this was coming yesterday, you were on top of this one. >> we're trying. boston could rival its worst blizzard from 2003 which had 27 1/2 inches. all of this talks about two storm systems coming together. the first one here, notice in the south, all instability, a tornado warming out there for plaquemines parish. this is moving off to the east. we will watch this produce heavy showers even through atlanta. a low will form,
>>> good morning. in the state of the union, president obama presses congress on issues including taxes, entitlements, immigration, and gun control. >>> market milestones. the dow turning in its highest close of the year. announcing 1% of an all-time record. >>> and in corporate news, comcast is buying the rest of nbcuniversal from general election for $16.7 billion. it's wednesday, february 13, 2013. "squawk box" begins right now. >>> good morning, everyone, welcome to "squawk box" on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we are following major stories. after yesterday's close on wall street, u.s. equity futures this morning, well, you see they are fight a little bit higher. -- they are fight a little bit higher. after gains yesterday, the dow up more than 45 points yesterday. our guest host is westwood capital's len bloom. the next hour, famed investor and billionaire real estate tycoon, sam zell. top-ranked money manager don yakman. his fund have seen annual returns of 10% over the last five years. we'll also talk about how business leaders and inv
have expert insight into the unfolding drama. >>> and president obama lays out his vision for the nation in the state of the union address. his big schal length? getting congress to act on gun violence. >> the families of newtown deserve a vote. the families of aurora deserve a vote. >> also this morning, the two gop responses. we'll dig into those as well. >> also new this morning, pope benedict xvi speaks out for the first time since his shocking resignation. what he told followers as they celebrate ash wednesday. >>> plus, 4,000 people on that stranded cruise ship slowly being pulled to shore at this very minute and it is frankly gross out there. we have the latest. >> wednesday, february 13th. a special edition of "starting point" begins right now. >>> welcome, everybody. you're watching "starting point." comi coming to you from the nation's capit capital. we have complete coverage from the president's state of the union address. first, the manhunt for an accused killer, christopher dorner. charred remains have been inside in that burned out cabin. with a suspect belie
of the union address of his second term -- >> the state of our union is strong. >> reporter: -- president obama made a direct challenge to congress. >> let's get this done. >> reporter: as he laid out his vision for the country, the president repeatedly called on democrats and republicans to act. >> the american people don't expect government to solve every problem. but they do expect us to put the nation's interests before party. >> reporter: it all came on the same day speaker john boehner called the president out for not having the courage or guts to make tough choices on the budget. the president used the power of the podium to push back. >> some in congress have proposed preventing only the defense cuts. by making even bigger cuts to things like education and job training. medicare and social security benefits. that idea is even worse. >> reporter: as is typical of most state of the union addresses, the president covered lots of ground. >> our first priority is making america a magnet for new jobs and manufacturing. we must do more to combat climate change. send me a comprehensive immigrat
is in washington to see the speech as is nbc's chuck todd. and former obama campaign adviser robert gibbs is here as well. robert, i understand that i am for the first time tonight able to introduce you as an msnbc contributor. congratulations on that. thanks for being here. >> thank you. i'm happy to be here. >> gun safety reform, immigration reform, climate change, education reform, election reform, ending the war in afghanistan. the president has been explicit that these are all on deck for his second term agenda. how do you pick which of these things can be helped along by prominent placement in a speech like that? >> i think that's what will be interesting to see tonight. the president begins by talking about the budget difficulties and situations we have to deal with over the next couple of weeks. get into a huge priority like immigration and clean energy which the president has. and i expect this speech will end with a pretty emotional call for doing something on gun safety. >> we're right now looking at a live picture of the justices of the supreme court having been announced and entering
, it was the white house. it was obama and jack lew and rob neighbors who went to the democratic leader in the senate, harry reid, and said this is the solution. >> all right. meanwhile, senator lindsay graham is suggesting one potential -- >> i'm sorry, could i interrupt? i had a munchkin in my mouth. >> no, you can't have those. you're supposed to have your greek yogurt. >> i'm trying to make a point with a visual aid. this is like defense spending. done. gone. >> before the day has even started, you've just -- give those to me. >> i'm not homer simpson. what do you make of what woodward said? >> the president's in charge. he's got to figure out a way to stop the sequester. i think the symbolism of the last couple weeks haven't been great. he's not really out there leading a new path towards figuring out how to avoid something he says is a bad idea and promised as a candidate wouldn't happen. >> okay. john, joe's mouth is full. what do you think? >> i'm hap think the sequester be a bad thing. >> everyone says that. who's going to take the blame? who should? >> if it ends up going into effect, i thi
. and you have liberals running around saying oh, you know what? actually, obama's spending less money than any president since dwight eisenhower, which maybe they convinced themselves of this just like right-wing radicals convinced themselves of all the things that have led them to defeat over the past several presidential elections. when nancy pelosi says we don't have a spending problem, americans say, she's out of touch. when nancy pelosi says the problem with medicare is not medicare, americans say, she's out of touch. when barack obama says you know what? we're going to fix this by raising taxes yet again, barack obama and nancy pelosi and the democratic party are out of touch. now, listen. i've been spending the past four years saying the republican party is out of touch, and they're going to lose the presidential election because of it. and i was right. republicans. now, let me say to democrats. you're out of touch. you've got a spending problem. medicare is a problem. and if you go back to the well again and raise taxes again, if that's your answer, your answer's always raising tax
immigration bill. a copy of president obama's plan has been leaked. illegal immigrants would be allowed to become permanent residents of this country in eight years. marco rubio had this to say. the president bill would be dead on arrival in congress leaving us with unsecured borders and a broken legal immigration system for years to come. stephen moore joins us now from washington, d.c. do you think that the white house plan really does throw a wrench into reaching any kind of bipartisan agreement? >> i think this was a real setback. this is very delicate negotiations. you need to find a way to let more immigrants into this country. you need to have a way where people who have been here to have a path to legalization. it has to be coupled with tougher border security. everyone knows that. for some reason, the president is basically saying, we will not move forward with the border security, but we will with these other elements. i think that is a killer. i think marco rubio is right. dagen: why leak it in the first place? in washington, there is always a reason that things come out. >>
for many, many months that this was going to occur. president obama has submitted proposals on three different occasions. a balanced approach. when the supercommittee was meeting back in the fall of 2011 and his own budget submission and last fall as part of the fiscal debate challenges, he's put office on the table to the congressional republicans who simply refuse to close corporate loopholes and to force the wealthiest americans to pay their fair share. we've had over $2.5 trillion in savings and cuts. we cannot cut our way to prosperity. we need a balanced approach and that's what the president has told the republicans. >> when she says balanced approach, alex, she means more taxes, higher taxes for wealthy americans and for big corporations. what's wrong with that? >> close loopholes. >> what's wrong with that is that washington is telling us that if we cut a single penny, then the national parks are going to close, as if the grand canyon was going to stop being a hole in the ground without federal funding. this is outrageous. the people who are supposed to serve us are telling
naonal. go like a pro. gerri: president obama has made the oil companies out to be tax cheats, but i'll write down how the world's biggest is paying more than their fair share next. ♪ ♪ gerri: well, it was a record date or near record day for one of the world's biggest companies , exxon mobil. now, the oil joint -- giant barely missed a record 44-year earnings just under 45 billion, 340 million shy of its 2008 record profit. net income equals $2.20 per share or about $10 million a. it's a huge number for that company. as a result of the success people on the left really does the companies say they don't deserve the massive tax breaks they're getting. these big bad boy of guys have to pay their fair share like the rest of successful -- i mean, i'm sorry, wealthy americans. take a look at this. for the fourth quarter exxon paid nearly seven and a half billion dollars in income taxes. nearly 8 billion in sales taxes. nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earning
. the super bowl is suddenly a good sporting event. >> i know. >> to politics, president obama takes his push for new gun-control measures on the road to minneapolis today where he'll share ideas with law enforcement leaders on how to curb gun violence. this as nra's chief executive, wayne lapierre, continued his spirited defense of gun rights this weekend. speaking with fox news's chris wallace about that controversial nra ad that brought the president's children into the gun debate. >> the president's kids are safe, and we're all thankful for it. >> they also face a threat that most children do not face. >> tell that to the people of newtown. tell that -- >> you really think that the president's children are the same kind of target as every schoolchild in america? that's ridiculous and you know it, sir. >> you know, unfortunately, i think there are parents all over the school that -- all over the country that think their kids are entitled to the same amount of protection when they go to school. >> so they should have secret service? >> no, but what they should have is police officers or cer
for that report. >>> 38 minutes past the hour. tomorrow night president obama delivers a state of the union address. the first of his second term. administration officials say jobs and the state of the economy will be featured prominently in the address before members of congress and the nation. they say programs will be unveiled to create more jobs, n and strengthen the economy. >> stay with cnn for complete coverage of the president's speech and analysis from the best political team. it begins tomorrow night at 7:00 eastern time. >> you are the best we have. happy to have you there. >>> it could be a break in the case of a young teenager, a performer of president obama's inauguration who was gunned down in a senseless act of violence. we'll go live to chicago where suspects are being questioned as we speak. that's coming up. it yellows over time. when it comes to your smile, if you're not whitening, you're yellowing. crest whitestrips whiten as well as $500 professional treatments. guaranteed. crest 3d white whitestrips. guaranteed. did you just turn your ringer off so no one would inter
. >> leaked to the public, president obama's plan to giving undocumented immigrants a path to citizenship. >> welcome back to "early start," everyone. >> nice to have you with us. it is monday morning. president's day. do you say happy president's day? >> absolutely. >> 29 minutes past the hour. >>> moments ago we learned gas prices went up for a 32nd straight day. the national average for a gallon of regular is now $3.73. all this is happening in the dead of winter. a time when many of us are dealing with staggering home heating bills and shrinking paychecks from payroll tax cuts that expired last month. zain asher is at a gas station in manhattan. you've been talking to a few of the new york cabbie who's are probably complaining this morning, i suspect. >> reporter: hi, yes. they certainly are. they're literally watching their wages, essentially, evaporate right before their eyes. let me just let you know that we are at a gas station on 10th avenue. gas prices here, $4.15. premium, $4.45. and the bad news is that we are expecting gas prices to rise further still. let me show you the num
employment verification, we don't have to go through the conversation again, that wasn't a dig at the obama administration. that was a dig at anyone who thinks we can continue to litigate this issue every quarter century and be okay as a republic. >> on the subject of border security the obama administration has record deportations, nearly 400,000 in 2011. one study shows the u.s. spends $18 billion every year on immigration enforcement, more than all other federal agencies combined. what more can be done? >> well i'll give you two instances, cocaine, a kilo of cocaine today is cheaper than it was when i was a federal prosecutor so we're not doing a terribly good job keeping the drugs out and 2,000 ak-47s went to arm the mexican drug cartel. i realize you cannot her m hermedically seal the border. we have two borders so i'm talking about both of them, but from a national security standpoint, a law enforcement standpoint, from a sovereignty standpoint i don't think it's asking so much we know who is coming into our country. it's not fair to people who are following the legal process to have
not getting america back to work fast enough. former economic adviser, president obama, joining us next, and i'll challenge him on this point he made last time he was on with stuart. >> that's because for after we get through a period of slow population growth and the baby boom being born, we've had an aging population for some time so i think the fact that there is a group of people who dropped out of the labor force and have not come back is the weakest part in the job market. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab
expressing outrage. meantime, china is calling for calm. >>> the state of the union, president obama set to deliver an address to congress tonight. and stocks getting a slow start to the week. the s&p falling for a fifth straight monday. today is tuesday, anyway, february 12th, 2013. and "squawk box" begins right now. >>> asian markets shrugging off the tests in north korea. but markets in china, taiwan remain closed. north korea says a miniaturize ed nuclear missile was tested. the u.s. ambassador to south korea responding to all of this. >> it's a very provocative act that undermines regional peace and stability and i think it would be critical for us to coordinate very closely with you and our colleagues in south korea going forward. >> we're going to talk more about washington's reaction and what this all means for geouncertainty and our guest hosts for this hour, jared bernstein who works as the chief economist for joe biden. tony is joining us and capital alpha markets managing director chuck gabriel. they're also going to talk state of the union. john harwood sat down with dave ax
reflect -- that's what i -- that's what motivates me. >> president obama will award the medal of honor to clint romesha on monday at the white house. he will be honored at the pentagon on tuesday, after which he will come back here to minot, north dakota and continue with his new job. meanwhile, the war in afghanistan continues, more than 60,000 american service members are right now in that country fighting that war. i'm jake tapper for cnn in minot, north dakota. >>> you are in the cnn newsroom, i'm brianna keilar in for don lemon. we have breaking news tonight, powerful devastating weather in the southern states. this is new video just in to cnn, it was reported by a storm chaser in hattiesburg, mississippi late this afternoon, when an enormous tornado touched the ground and started tearing up the town. we have extensive damage to show you tonight. there are some people hurt, and i will talk with the man who shot this amazing footage in just a few minutes. >>> first, this breaking news to tell you about, thousands of people are stranded after a cruise ship lost power in the gulf of
past the hour, i have your fox news minute. president obama is taking his gun-control initiative on on the road. he is trying to gain support for his gun postals. minnesota has been studying ways to reduce gun violence. the national transportation safety board is heading to california to investigate the cause of sunday's tour bus crash that killed eight people. it happened near san bernardino. at least 40 people are injured. a government has been holding a 5-year-old boy for hostage for seven days now. they remain underground. the boy identified will turn six on wednesday. those are your headlines. back to lori. lori: what a sad story. thank you, lauren. herbalife issuing a statement confirming that the company is a subject of a law enforcement investigation. we are unaware of any other regulatory interest and or investigation. we, this is herbalife, are demanding a correction from the new york post. charlie gasparino will join us and have more on this. melissa: $3.52 per gallon nationwide geared that is $0.22 higher than just a month ago. we are also learning that the amount tha
. he was 20 years old, lived with his parents. he had no criminal record. >>> president obama ratcheting up the pressure on congress to avoid forced across the board spending cuts, cuts that kick in march 1. the president spoke as first responders looked on. >> these cuts are not smart, they are not fair, they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an ob tracks. people will lose their jobs. the unemployment rate might tick up again. >> the president criticized republican ideas for avoiding the cuts because they ask nothing he says from the wealthiest americans or from big corporations. >>> just when you thought the government had run out of things to tax, oh, no. a houston suburb with a budget problem has started to charge a crash tax. start next month. drivers will pay up to two grand for road service depending on how bad their auto wreck is even if they don't call for help. i mean, if the county has to pay to help, you know, move those -- >> the pictures of the crashes that they were showing, horrific. a
and let his 5-year-old hostage free. >>> did chuck hagel blow it? president obama's pick for defense secretary roughed up by his former colleagues in the senate. good morning, everyone. welcome to "early start." i'm john berman. >> i'm zoraida sambolin. friday, february 1st. 6:00 a.m. in the east. a first, an intense manhunt for up with or possibly two suspects after an assistant district attorney was gunned down outside a courthouse in texas. mark hasse, a prosecutor in kaufman county, about 30 miles outside of dallas, was killed after being shot several times as he got out of his car, right in front of the courthouse in the parking lot yesterday. authorities are pleading for leads right now. the fbi helping in the case as well. and his boss had a message for those responsible. >> i hope that the people that did this are watching. because we're very confident that worry going to find you, pull you out of whatever hole are you in, and bring you back and bring you back to kaufman county and prosecute you to the full extent of the law. >> drew griffin is live in kaufman. any leeds? >>
the claims politically motivated. >>> a renewed presidential push for immigration reform. president obama will meet with progressive groups and labor groups today to follow that up with a meeting with a dozen leading ceos. the goal to discuss how to get a bipartisan immigration reform deal done and see how it fits into his economic agenda. >>> to england now. >> i like this story. >> a team of archaeologists say this 500-year-old skeleton found under a parking lot 90 miles northwest of london is indeed the remains of lost british king richard iii. later this morning we'll get the best guess from forensic scientists as to what king richard 30s would have looked like. the details are amazing, folks. they'll show off a full reconstruction of his head based on the bone structure of his skull. a live report from london. it's coming up in our next hour of "early start." >>> the party is still on in baltimore. the city will honor the super bowl champion ravens today with a victory parade. the team returned home to baltimore yesterday after beating the 49ers in super bowl xlvii, the second super
of the biggest power companies in the northeast and president obama now warning that drastic spending cuts could have a devastating effect on the economy. you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. winter storm nemo striking with full force. we've got full team coverage. jackie d'angelis is standing by outside headquarters and mary thompson is outside a home depot in new jersey and jay gray is live tonight in boston. jackie, kick things off for us. >> reporter: good afternoon. moments ago governor cuomo declaring a state of emergency. as of now subways in manhattan with fully running and fully functional but we could see closures if things get worse later on. meantime, connecticut has issued a driving ban, this after its governor had also declared a state of emergency
by by walt disney movies. >>> when president obama delivers his first state of the union address of his second term. that is the latest from the fox business network, giving you the power to prosper. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that ds both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble inating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd spiriva helps
we're here on squawk. >>> also, calls to the white house. president obama will be meeting with a dozen ceos today. and the bulls trying to battle back. it's been a good year, but now stocks coming off their worst losses this year. it's february 5th, 2013 and squawk begins right now. >>> good morning, everybody. ike becky quick along with andrew ross sorkin. joe kernen is off today so we are again joined by steve liesman. also at the table with us this morning, our guest host is andy surel. andrew just talked about the markets. stocks ending at session lows yesterday. in fact, all ten s&p sectors closed lower. yet the bulls betting this is nothing more than a bull pac. but we will have a number of powerful investors for their thoughts throughout yao the morning. jim o'neill will join us in just a few minutes. then in the next half hour, the man charged with making sdigs for how blackrock invests more than $1 trillion, the firm's chief investment strategist, russ koesterich. nouriel roubini will be joining us and we're going to ask him for his current view of the world. in t
of teens in foster care who don't need perfection, they need you. >>> tuesday president obama lays out his priorities for his new term. tackling gun violence is expected to be front and center. consider this, just last week a 28-year-old woman walked up to a charleston south carolina school with a gun. according to the new york times she tried to shoot two faculty members. the only thing that stopped her, she failed to unlock the gun. here's what makes you really scratch your head about this, she had a history of mental illness. alice had been charged in 2005 with threatening to assassinate president george w. bush and she still cleared a background check to buy the gun. tom dietz is a former de kalb county police officer, you're the owner of sharpshooters usa, and a training facility. how did she manage to legally purchase a weapon? >> first issue was, when she went to the store, she had to complete a federal form called the 4473. when you complete that form, the seller of the firearms retailer looks at the identification. runs down through the questions. to make sure they're answered app
and a third of them blamed their negative outlook on obama administration. the message here. the wealthy have now fully healed from the crisis, but they won't have full confidence until the country fixes its own finances. maria. >> all right. thank you so much. robert frank. >>> up next, gamers beware. there's a first person shooter taking aim at xbox, the wii and playstation. up next, one of the creators of microsoft's xbox will join me with a move that could reboot the video game business and the first lawsuits against carnival coming out. the latest details on this developing story. back in a moment. [ laughs ] now this is a test drive. whoa! you really feel all 335 foot-pounds of torque. it's chevy truck month! silverado was also recognized for the lowest cost of ownership. hey, what are you gonna do with it? end table. oh. [ male announcer ] it's chevy truck month. now get 0% financing for 60 months, plus trade up to get $1,750 total allowance on a silverado all-star edition. or trade up and choose customer cash plus option package discount for a total value of $7,250. we create easy to
here is, though, a lot of small business owners are saying we have to implement obama care, the president's health care plan. we are trying to help low income workers that way. we don't have enough demand. this is going to hurt small business. i want you to listen to one owner we tauklked to yesterday. >> of course it's horrible the way it's going to affect everybody. i'm going to have to lay people off out of my own company. i'm sure every local business owner is probably going to have to do the same thing also. >> i'm not going to be able to have employees. >> everybody wants to make more money, but at the same time the small businesses are suffering. >> you can see small business owners were very upset about this. the business community in general saying this is a bad idea. we have 100 years of economic studies and no real clear indication that this is something that grows the economy. it's just the right thing to do, look at us with the rest of the world. i predict a big fight over the minimum wage coming up. >> i predict you are correct. thank you, christine. >>> you w
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